The UK Financial Sector and EU Integration after Brexit: The Issue of Passporting

Dirk Schoenmaker

doi:10.2139/ssrn.2844253

The UK Financial Sector and EU Integration after Brexit: The Issue of Passporting

Dirk Schoenmaker

Department of Finance

Research output: Chapter/Conference proceeding › Chapter › Professional

35 Downloads (Pure)

Abstract

If the UK cannot secure a ‘Norway’ deal and stay within the internal market after Brexit, the UK will lose passporting rights for EU financial services and access to euro clearing and settlement, both of which make London attractive as a financial centre. A substantial part of the UK’s wholesale banking and trading sector may move out.

Original language	English
Title of host publication	The Economics of the UK-EU Relationship: From the Treaty of Rome to the Brexit Vote
Editors	N. Campos, F. Coricelli
Place of Publication	London
DOIs	https://doi.org/10.2139/ssrn.2844253
Publication status	Published - 2016

Access to Document

10.2139/ssrn.2844253

Brexit-passport-8-10-.pdfFinal published version, 385 KB

http://hdl.handle.net/1765/93538

Cite this

@inbook{5a9737de30d043e8af89fa917c53edbf,

title = "The UK Financial Sector and EU Integration after Brexit: The Issue of Passporting",

abstract = "If the UK cannot secure a {\textquoteleft}Norway{\textquoteright} deal and stay within the internal market after Brexit, the UK will lose passporting rights for EU financial services and access to euro clearing and settlement, both of which make London attractive as a financial centre. A substantial part of the UK{\textquoteright}s wholesale banking and trading sector may move out.",

author = "Dirk Schoenmaker",

year = "2016",

doi = "10.2139/ssrn.2844253",

language = "English",

editor = "N. Campos and F. Coricelli",

booktitle = "The Economics of the UK-EU Relationship: From the Treaty of Rome to the Brexit Vote",

}

TY - CHAP

T1 - The UK Financial Sector and EU Integration after Brexit: The Issue of Passporting

AU - Schoenmaker, Dirk

PY - 2016

Y1 - 2016

N2 - If the UK cannot secure a ‘Norway’ deal and stay within the internal market after Brexit, the UK will lose passporting rights for EU financial services and access to euro clearing and settlement, both of which make London attractive as a financial centre. A substantial part of the UK’s wholesale banking and trading sector may move out.

AB - If the UK cannot secure a ‘Norway’ deal and stay within the internal market after Brexit, the UK will lose passporting rights for EU financial services and access to euro clearing and settlement, both of which make London attractive as a financial centre. A substantial part of the UK’s wholesale banking and trading sector may move out.

UR - http://ssrn.com/abstract=2844253

U2 - 10.2139/ssrn.2844253

DO - 10.2139/ssrn.2844253

M3 - Chapter

BT - The Economics of the UK-EU Relationship: From the Treaty of Rome to the Brexit Vote

A2 - Campos, N.

A2 - Coricelli, F.

CY - London

ER -

The UK Financial Sector and EU Integration after Brexit: The Issue of Passporting

Abstract

Access to Document

Other files and links

Fingerprint

Cite this